entrepreneurship exam test questions

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( sample exam entrepreneurship ) the entrepreneurship exam is used for the following events: entrepreneurship series ent entrepreneurship team decision making etdm these test questions were developed by the mba research center. items have been randomly selected from the mba research center’s test-item bank and represent a variety of instructional areas. performance indicators for these test questions are at the prerequisite, career- sustaining, and specialist levels. a descriptive test key, including question sources and answer rationale, has been provided. copyright © 2019 by mba research and curriculum center®, columbus, ohio. each individual test item contained herein is the exclusive property of mba research center. items are licensed only for use as configured within this exam, in its entirety. use of individual items for any purpose other than as specifically authorized in writing by mba research center is prohibited. posted online march 2019 by deca inc. 1. which of the following …

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which of the following markets would producers use a short channel of distribution: a. local consumers b. generation x c. baby boomers d. senior citizens 7. if a business considers where the consumers are and who they are before selecting a channel of distribution, the business is considering the factor. a. human b. promotion c. market d. sales 8. what do business employees often need to do before they are able to write proposals? a. research the problem b. analyze personal biases c. contact the customer d. evaluate technical skills 9. which of the following is an example of a manager developing a policy that impacts customer relations: a. increasing use of security devices b. extending business hours on weekends c. revising bookkeeping procedures d. scheduling employees' work hours copyright © 2019 by mba research and curriculum center®, columbus, ohio ( entrepreneurship and small business management exam ) ( test …

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. which of the following activities is an example of preparing before attempting to sell an idea: a. explaining solutions to audience needs b. determining the details of your idea c. overcoming objections from the audience d. affirming the audience's decision to "buy" 15. managers are more likely to be able to persuade employees to follow new procedures if the managers have a. organizational skills. b. credibility. c. enthusiasm. d. self-motivation. 16. ali wants to negotiate with her boss to take on more job responsibilities. before approaching her boss, ali needs to determine her boss's position and a. abilities. b. interests. c. standards. d. procedures. 17. after writing your personal vision, what must you do to achieve it? a. commit to your vision through hard work and dedication. b. put your vision in a safe space and look at it again in five years. c. get the highest-paying job that …

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patent protection. b. the financial needs to start a new business depend on the nature of the venture. c. purchasing a franchise is usually easy and inexpensive for startup business owners. d. equipment is the least expensive requirement for a startup business. 23. why is it important for entrepreneurs to talk with industry experts when developing new business concepts? a. the industry experts usually improve your management skills. b. the industry experts typically provide useful information. c. the industry experts commonly enhance your confidence. d. the industry experts frequently offer financial support. 24. if an entrepreneur obtains a commercial bank loan to finance a new venture, s/he is often required to a. provide collateral. b. close savings accounts. c. relinquish contracts. d. charge the prime-interest rate. 25. to determine their human resource needs, new business owners often find it helpful to a. list all the tasks involved in operating the …

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ing a community organization, such as the local chamber of commerce, an entrepreneur can network with others to a. evaluate personal skills and abilities. b. obtain selling experience. c. identify new venture opportunities. d. improve goods and services. 31. determine if the following statement is true or false: when developing an exit strategy for an entrepreneurial venture, the most important consideration is finding a suitable buyer. a. false, there are many factors to consider, such as company valuation and personal goals. b. true, if the buyer is inexperienced, the business risks monetary losses and long-term failure. c. false, the most important factor that an entrepreneur should consider is profitability. d. true, the valuation of a business is dependent on the buyer's financial resources. 32. which of the following is an example of an intangible asset: a. equipment b. inventory c. office building d. accounts receivable 33. which of the following …

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( sample exam entrepreneurship ) the entrepreneurship exam is used for the following events: entrepreneurship series ent entrepreneurship team decision making etdm these test questions were developed by the mba research center. items have been randomly selected from the mba research center’s test-item bank and represent a variety of instructional areas. performance indicators for these test questions are at the prerequisite, career- sustaining, and specialist levels. a descriptive test key, including question sources and answer rationale, has been provided. copyright © 2019 by mba research and curriculum center®, columbus, ohio. each individual test item contained herein is the exclusive property of mba research center. items are licensed only for use as configured within this exam, in its...

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